The Western Area Power Administration’s Fiscal Year 2024 Financial Statements Audit
March 6, 2025
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February 28, 2025
The Western Area Power Administration’s Fiscal Year 2024 Financial Statements Audit
The Office of Inspector General engaged its contractor, the independent public accounting firm of KPMG LLP, to conduct the fiscal year 2024 financial statement audit of the Western Area Power Administration (WAPA), subject to our review. As part of this audit, we considered WAPA’s internal controls over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances for the purpose of expressing its opinion on the financial statements, but not for the purpose of expressing an opinion on the effectiveness of WAPA’s internal control.
As indicated in the attached report, the Office of Inspector General issued two internal control deficiency findings to WAPA containing two recommendations. Management fully concurred with the findings and recommendations and had taken or planned to take corrective actions.